Yesterday, online marketing expert, Lyris, Inc. reported its financial results for the second quarter and first six months of fiscal 2010.
Lyris reported revenues of $11.3 million for the quarter ending December 31, 2009, versus revenues of $11.0 million in the second quarter a year ago. The revenue breakout for the second quarter of 2010 included subscription, licensed software, support and maintenance, and professional services. On a GAAP basis, the company reported a net loss of $327,000, or $0.00 per share, in the second fiscal quarter of 2010, compared with a net loss of $129,000 in the second quarter of fiscal 2009.
The company stated that adjusted EBITDA – earnings before net interest expense, taxes, depreciation and amortization expense, non-cash stock-based compensation expense, etc. – in the second quarter of 2010 was $1.2 million.
Luis Rivera, Lyris CEO, stated, “We are pleased with our ability to achieve a record revenue quarter for the company. Our Lyris HQ platform continues to drive our revenue growth as it generated a 14 percent increase in sales sequentially. We saw particularly strong growth in Lyris HQ for Agencies, which is our offering targeted to advertising and marketing firms. In addition, we continued to make solid inroads with the platform in Europe.”
“We have made a number of enhancements to Lyris HQ during fiscal 2010 and are on track to complete the integration of the platform by the end of the fiscal year, as well as adding other features that will increase its ease of use and return-on-investment for our customers,” he continued.